Serious investment thinking that doesn’t take itself too seriously.
Leading economists share their thoughts on money, rates and prices
In today’s dispatch: banks are lending lessbanks are also generating less revenue, and NIM continues to slide (for now)are Zombie banks good?bank exposure to non-bank lending is probably higher than Zombie would like After the Fed nearly killed the banks by torpedoing the value of low-interest...
These words are written soon after the end of the UK’s work protecting – what many claim was a ‘true’ job data distorting – furlough scheme. They come in the midst of a...
Originally published March 2021. Plus, reassessing the relationship between UK interest rates and REITs. This article was originally published in June 2019. The perceived wisdom...
Originally published June 2021. As space requirements fall for offices and retail, residential will fill the gap. Much of the reflection on post-pandemic shifts in property has...
This morning has seen something of a different event, but it has given us an insight into the thoughts of the Bank of England. This is because QuickBooks arranged an 'Ask the...
That quote from a hit by Gwen Guthrie is rather echoing this morning as we look at another aspect of the housing crisis. I point out the song link partly because there was quite...
The battle between inflation hawks and doves is heating up. The year-over-year change in the Consumer Price Index is 5.4%, significantly above average. This figure, from the...
Should we be worried? Two big takeover battles in the UK are a sign of the times: supermarket chain Wm Morrisons and respiratory medicines group Vectura are...
As agitation for Indyref2 grows, one of our favourite economists puts forward his view of what Scotland’s next move will be. Let me begin by making clear why I dismiss the...
Cryptocurrency is something of a fairy tale, but the real story is one of central banks seeking financial repression by any means possible. Arguably, the best background reading...